Cyrium Technologies Receives 2010 Outstanding Clean Energy Award From IEEE Ottawa Section

IEEE Honors Cyrium for Multiple Accomplishments in the Clean-Tech Category

OTTAWA--()--Cyrium Technologies, Inc., a leading developer of multi-junction concentrator photovoltaic (CPV) cells, today announced that it was awarded the 2010 Outstanding Corporate Award in Clean Tech from the Ottawa Section of IEEE, the global association that advances innovation and technological excellence.

Accepting last Friday night’s award honoring Cyrium and two other companies who were cited in the parallel categories of Hi-Tech and Green-Tech, was Cyrium Chief Technology Officer, Dr. Simon Fafard.

Reed Abdullah, Chair of the IEEE Ottawa Section, noted that, "Cyrium is a world leader in photovoltaic cell technology, and we are proud to award Cyrium this award for successfully leading in innovation and development of a high-efficiency solar concentrator photovoltaic (CPV) cell. As solar generation becomes a mainstream choice, we are fortunate to have this industry-leading solar company driving that shift to the cleaner option here in Ottawa. Above all, Cyrium deserves this award for their contribution to the advancement of technology, their contribution to local employment and for helping make Ottawa an outstanding community.”

“Cyrium has had a rich environment in Ottawa from which to pull the talent and expertise to develop our superior concentrator photovoltaic cell technology,” said Harry R. Rozakis, President and Chief Executive Officer of Cyrium Technologies. “We are honored that the IEEE has recognized our patented cell technology, and in doing so also acknowledged the commitment of the Cyrium team to develop cost effective, high efficiency CPV solutions impacting our community and the world.”

Dr. Fafard added, “We are grateful for this IEEE award and look forward to continuing to contribute to the advancement of our technology and products for the rapidly growing CPV market.”

About Cyrium Technologies

Cyrium Technologies, headquartered in Ottawa, Canada, is a fabless developer and supplier of Concentrator Photovoltaic (CPV) cells for the terrestrial solar energy market. Using its breakthrough patented nano-technology, which significantly increases photovoltaic solar cell performance at high concentration, Cyrium has achieved cell efficiencies of greater than 40%. Cyrium’s QDEC (quantum dot enhanced cell) product line is designed to deliver the highest possible conversion efficiencies which in turn enable CPV systems companies to achieve the lowest levelized cost of energy (LCOE). For further information on the company and its products, please visit http://www.cyriumtechnologies.com.

About IEEE

With over 400,000 members around the world, the IEEE (http://www.ieee.org/about/index.html) is the world’s largest professional association advancing innovation and technological excellence for the benefit of humanity. IEEE and its members inspire a global community to innovate for a better tomorrow through its highly cited publications, conferences, technology standards, and professional and educational activities. IEEE is the trusted “voice” for engineering, computing and technology information around the globe. The IEEE Ottawa Section (www.ottawa.ieee.ca), established in 1944, has over 2,000 local members who continue to elevate the Ottawa Section’s status as one of the most active IEEE sections worldwide and the most active in Canada. The members include many science, mathematics, engineering and technology recognized leaders in the world.

Contacts

Cyrium Technologies Inc.
Beverly Hemish, 613 656 4177 - ext 221
beverly.hemish@cyriumtechnologies.com
or
IR Partners, Inc.
Shellie M. Roth, 973 535 8389
roth@irpartners.com

Release Summary

Cyrium Technologies, a leading developer of multi-junction concentrator photovoltaic (CPV)cells for solar apps, won the 2010 Outstanding Corporate Award in Clean Tech from the Ottawa Section of IEEE.

Contacts

Cyrium Technologies Inc.
Beverly Hemish, 613 656 4177 - ext 221
beverly.hemish@cyriumtechnologies.com
or
IR Partners, Inc.
Shellie M. Roth, 973 535 8389
roth@irpartners.com